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Edis María
Edis María is 54 years old and when she grew tired from the teasing she received from her work colleagues, she decided to retire and open her own business dedicated to billiards and entertainment as well as the sales of soft drinks and pastries. Thanks to her business her family can live a dignified life and be well fed.
With the goal of improving her economic situation and to increase sales, Edis is looking for a loan that she will invest in purchasing more stock. Her biggest dream is to expand her business and to convert it into a space for employment opportunities in her community.
View original language description ↓
Edis María de 54 años de edad, cansada de las humillaciones que sufría por parte de sus compañeros de trabajo decidió retirarse y montar su propio negocio dedicado a prestar el servicio de billar como medio de entretenimiento y a la venta de refrescos y mecatos. Gracias a su negocio su familia puede contar un una vivienda digna y una buena alimentación.
Con el fin de mejorar su condición económica y aumentar sus ventas, Edis se encuentra solicitando un crédito que invertirá en la compra de surtido.
Su mayor sueño es poder expandir su negocio y convertirse en una fuente e empleo para su localidad.

Additional Information

Important Information

This loan is structured on Kiva as a bullet loan, which means a single payment is required at the end of the loan term. By Colombian law, Kiva's partner Interactuar is required to offer borrowers loans with a variable interest rate that fluctuates with the market rate. Because fixed monthly payments are applied first to interest and then to principal, Interactuar is unable to predict upfront what portion of each repayment would go towards the loan principal. This creates a challenge with Kiva's system, which doesn't allow for unpredictable principal payments, and can result in some Interactuar clients appearing falsely delinquent. To remedy this, the loan has an end-of-term repayment plan on Kiva, but the borrower will continue scheduled monthly repayments to Interactuar, who will then pass along the principal amount to Kiva lenders. This means that you may see repayments made on this loan throughout the repayment term, as opposed to receiving repayment in full at the end of the loan term.

About Colombia

  • $6,070
    Average annual income
  • 233
    View loans »
    Colombia Loans Fundraising
  • $12,881,350
    Funds lent in using Kiva
  • 1,830.4
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,100 helped Edis María purchase soft drinks and pastries.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 17, 2013
Listed
May 4, 2013
Currency Exchange Loss:
Covered
Ended:
May 22, 2014